contract receivable
[ˈkɒntrækt rɪˈsiːvəbəl]
nounpl: contract receivables
contas a receber por contrato
1. A financial asset representing the right to receive payment from a customer for goods or services delivered under a contractual agreement
The company recognized contract receivables of $2 million from the long-term service agreement.
A empresa reconheceu contas a receber por contrato de $2 milhões do acordo de serviço de longo prazo.
2. An amount due from a customer as specified in a performance contract, typically recorded on the balance sheet as a current or non-current asset
Contract receivables increased significantly after the new customer acquisition program.
As contas a receber por contrato aumentaram significativamente após o programa de aquisição de novos clientes.
This is primarily a financial and accounting term used in corporate environments in both Brazil and the USA. In Brazil, it became more standardized with IFRS adoption. The term reflects modern revenue recognition practices under ASC 606/IFRS 15, which emphasize performance-based revenue recognition in long-term contracts.
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